Housing rises 33% in Faridabad Apr-Jun 11

[BlessU]

Hello

Not sure how calculated but quiet optimistic.
I think increased cost of edc is being reflected.

http://timesofindia.indiatimes.com/busi ... 864330.cms

NEW DELHI: House prices have displayed a rising trend in 12 Indian cities in the April-June quarter with Bhopal posting the highest gains, a survey by the National Housing Bank (NHB) has shown.

Experts say the demand for property in major cities across the country had dipped after the Reserve Bank of India (RBI) raised interest rates 11 times since March 2010 to tame inflation. The sharp increase in borrowing costs had kept buyers on the sidelines. But the NHB Residex which tracks housing prices in 15 cities shows prices are firming up compared to the January-March quarter. Banks have raised their lending rates sharply in the past few months. Several banks have witnessed a moderation in the demand for home loans as high interest rates hit sentiment.

Bhopal leads the pack with a gain of 34.13% followed by Faridabad which has witnessed an increase of 33.33%. Housing prices in Kochi have risen 24.42%, Surat 16.41%, Delhi 16.67%, Chennai 13.76%, Hyderabad 9.6%), Bengaluru 4.5%. The financial capital Mumbai has shown an increase of only 3.4% followed by Ahmedabad 2.4%, Lucknow 1.9% and Pune 1.35%.

TC

[abhishekgera]

Another reliable source of info....

http://www.nhb.org.in/Residex/Data&Graphs.php

http://www.nhb.org.in/Residex/FARIDABADres.php



Abhishek